The AUDUSD pair has successfully surpassed the 0.6400 level and is currently holding above it. This reinforces expectations for the bullish trend to continue on an intraday basis, with the next major target at 0.6490.
The positive scenario will remain active in the coming period, supported by the price’s movement above the EMA50. However, a failure to consolidate above 0.6400 could exert negative pressure on the pair and lead to a potential return to a downtrend.
Expected trading range for today: 0.6370 support to 0.6470 resistance.
Expected trend for today: Bullish.